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BSM

Black Stone Minerals·NYSE
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BSM fundamentals

Black Stone Minerals (BSM) released its earnings on Feb 24, 2026: revenue was 118.70M (YoY +13.82%), beat estimates; EPS was 0.31 (YoY +72.22%), beat estimates.
Revenue / YoY
118.70M
+13.82%
EPS / YoY
0.31
+72.22%
Report date
Feb 24, 2026
BSM Earnings Call Summary for Q4,2025
  • 2026 Production Growth: Q4 2025 levels (32,000 BOE/day) to step up quarterly, driven by 37 wells/year from new agreements and 18 wells drilled in 2026.
  • Strategic Investments: $30M in seismic surveys to accelerate development, with exclusion from adjusted EBITDA.
  • Distribution Security: 1.05x coverage in Q4 2025, supported by hedges and minimum drilling commitments.
  • Expansion Opportunities: Gulf Coast and Haynesville Basin positions to benefit from LNG and power generation demand growth.
  • Permian Momentum: High-interest developments expected to contribute volumes late 2026 and 2027.
EPS
Q2,undefined
Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.34-0.070.090.120.050.050.050.6-0.060.590.750.820.60.350.270.650.270.290.410.180.040.530.40.31
Forecast
0.17780.16540.16790.18780.12680.13550.14610.1860.32670.3750.40.4060.4440.3840.42580.49330.35330.35670.350.36670.32330.290.27670.2633
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+91.23%
-142.32%
-46.40%
-36.10%
-60.57%
-63.10%
-65.78%
+222.58%
-118.37%
+57.33%
+87.50%
+101.97%
+35.14%
-8.85%
-36.59%
+31.77%
-23.58%
-18.70%
+17.14%
-50.91%
-87.63%
+82.76%
+44.56%
+17.74%
Revenue
Q2,undefined
Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
----------------------183.05M38.53M43.74M77.43M61.57M58.44M59.83M179.42M36.42M180.37M216.43M230.38M122.31M117.00M109.80M190.84M105.49M109.62M134.86M104.29M59.25M159.49M132.47M118.70M
Forecast
----------------------103.60M90.53M84.02M86.01M79.66M79.59M84.75M91.99M123.38M135.73M137.98M136.23M138.74M117.28M131.13M137.56M120.34M119.59M117.68M110.83M117.32M106.70M101.64M98.44M
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+76.70%
-57.44%
-47.94%
-9.98%
-22.72%
-26.57%
-29.41%
+95.05%
-70.48%
+32.89%
+56.85%
+69.10%
-11.84%
-0.24%
-16.27%
+38.73%
-12.34%
-8.33%
+14.60%
-5.90%
-49.50%
+49.48%
+30.33%
+20.58%

Earnings Call